(b) Subsection (a) hereof shall not apply to a mutual company
organized before the effective date of this chapter as a domestic mutual
fire or marine or marine protection and indemnity company.
Structure New York Laws
Article 41 - Property/casualty Insurance Companies
4103 - Stock Companies; Financial Requirements.
4105 - Domestic Stock Companies; Declaration and Payment of Dividends.
4106 - Stock Companies; Participating Policies.
4107 - Domestic Mutual Companies; Financial and Other Requirements.
4108 - Foreign and Alien Mutual Companies; Licensing.
4109 - Mutual Companies; Special Contingent Surplus.
4110 - Domestic Mutual Companies; Expense Limits.
4111 - Mutual Companies; Assessments.
4112 - Mutual Companies; Protection Against Assessments.
4113 - Mutual Companies; Non-Assessable Policies.
4114 - Mutual Companies; Dividends.
4115 - Certain Mutual Companies Existing Prior to January First, Nineteen Hundred Forty.
4116 - Domestic Mutual Companies; Voting Rights of Members.
4117 - Loss and Loss Expense Reserves.
4118 - Limitation of Risks; Fidelity and Surety; Fire; Hospital Mutuals.
4119 - Foreign and Alien Companies; License Qualification.
4121 - Security May Be Required From Banking Officers and Employees.